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Hi Mike9421,
Thanks again for your prompt reply.
The amount of "ordinary income" shown on column 7 of the Sales Schedule section of the K-1 is an amount that is different than the amount shown on my Broker's 1099-B as "Total Proceed" for the partial sales of these MLP units. If I enter the amount shown in "ordinary income" as the sales price, it will not reconcile with the "Total Proceed" as reported on the 1099-B, which is reported to the IRS.
Would appreciate it if you can shed more light on this subject. Thanks.
‎June 12, 2024
10:45 PM